June 24, 2024
2 Ways to Profit from This Historic Moment
Dear Subscriber,
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| By Gavin Magor |
Move over Microsoft (MSFT). There could be a new stock market sheriff in town.
Last week, Nvidia (NVDA) briefly surpassed Microsoft as the U.S.’s most valuable company.
I’m not going to use this article to talk exclusively about Nvidia. Frankly, at this point, I’m sure you have been hearing all about the tech giant for the better part of two years.
You see, indexes have to reallocate to adjust for its size. That just means Nvidia is becoming an even larger part of the indices … which also forces index funds to buy yet more shares of NVDA to track their underlying indexes.
We’re seeing some froth in the markets now. Over the past few months, as many other stocks have performed just okay, Nvidia’s rocketing performance has boosted the major indices mightily.
With a market cap of $3.21 trillion as of writing, Nvidia is now worth more than the entire French stock market … and just less than the British stock market.
Whilst I have faith in my home economy of the UK, I point this out because it really emphasizes just how large Nvidia has gotten in a relatively short period of time.
If you had bought a single share of Nvidia in March 2020, you’d already be up 1,773%.
Weiss Ratings has even this potential performance beat. We first rated it as a “Buy” in October 2005. If you had bought then, you’d be up around a truly astonishing 45,074%.
We here at Weiss Ratings are here for you. We want you to be the best investor you can be. And we truly mean that.
That’s why I’m using this historic market moment to take a look at a few ways you can aim to profit.
Let’s start with your most updated ratings …
Big Names, Big Profits
After a few easy clicks over to the Weiss Ratings Stock Screener, we can see a plethora of highly rated big names. Nvidia is not alone in the profit party.
Here is a current look at the largest stocks ranked by market cap on the Weiss Ratings site:
Whilst I certainly would not call these companies hidden gems by any stretch of the imagination, what they generally do represent is stable opportunities in established names.
Personally, I will steer clear of a name like Tesla (TSLA) for now. But other names above, such as Apple (AAPL) and Alphabet (GOOGL) are much more of my cup of tea.
Why? Among many reasons, my top ones are strong leadership, exciting new opportunities that will further boost profit margins and that beautiful Weiss “buy” rating.
Apple has become much more profitable under Tim Cook’s strong leadership. It is doing an excellent job dealing with planned obsolescence and keeping buyers coming back.
Shares are up over 1,650% since he took command in 2011.
Or you could look at a name like Google. There’s plenty to be excited about there. I even recently recommended the name to my Heat Maps readers.
You couple the company’s strong grip in the search market with fascinating new products like Google TV and Gemini AI, and you can really see why it has earned that “B” rating.
The other way I would use this historic moment is to find the next Nvidia … or at least those that are helping prop up this behemoth.
As Dr. Martin Weiss points out in this video, Nvidia is dependent on other public companies that may have a lot more profit potential.
Nvidia is turning its attention to a new phase of the AI boom. This $1 trillion pivot is where you’ll find the next companies with the potential to grow larger than European countries.
Check out this presentation, while you can.
Cheers!
Gavin Magor
with
PJ Amirata
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